Friday, January 29, 2016

Forex Market Update : Epic Research Singapore

The dollar weakened versus the euro Thursday after a disappointing reading on durable-goods orders in December, combined with a dovish outlook from the Federal Reserve on Wednesday.

The euro EURUSD, -0.0640%  traded at $1.0952 late Thursday in New York, compared with $1.0905 late Wednesday. The pound GBPUSD, -0.0279%  strengthened to $1.4360, compared with $1.4251 late Wednesday.

The ICE U.S. dollar index DXY, +0.05% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.4% to 98.5090.

The dollar USDJPY, -0.18% traded at ¥188.64 Thursday, compared with ¥118.4950 late Wednesday in New York.

Rising oil prices helped support the Canadian dollar USDCAD, +0.0855%  and other resource-linked currencies including the Russian ruble USDRUB, -0.16%  and the Brazilian real USDBRL, -0.0270%

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